It’s been a volatile few weeks for digital currencies. Take BTC, for instance, which has rebounded more than 30% over the past few days but it’s still down about 30% for the last month and has lost over 35% from its record high of almost $65,000 hit in April.
One area of the industry that’s been under the microscope in the aftermath of the plunge is digital currency miners. ESG and regulatory concerns have been a hindrance to stocks associated with mining as well. But these tickers are already showing signs of a rebound.
If you believe in the future of digital currencies then this may be the perfect time to pick up some digital currency miners stocks at a discount before the next leg up. Our research team has some solid recommendations if you’re looking to get some skin in the game with BTC miners. Read on to find out more.
TRUE MARKET INSIDERS:
Warning: Move Your Money ASAP
The clock just started on the biggest stock market event in twenty years. And the next couple months could determine who will become extremely wealthy in 2022 – and who won’t. [Full Story…]
Marathon Digital Holdings
Marathon Digital Holdings is the premier North American bitcoin mining firm. In April 2021 the company minted 162.1 bitcoin, more than tripling its operations from just a few months ago. In January MARA produced 50.4 newly minted coins. Additionally, in April MARA’s mining fleet of approximately 12,084 miners generated around 7 BTC per day, which is an 82% month-over-month increase.
While this rate of expansion may be unusual, future expansion seems inevitable. The company is projecting a mining fleet of about 103,120 miners by the end of Q1 2022. That’s more than 8 times the size of their mining fleet in April and it’s worth noting that the future projections are secured as they are composed of previously purchased miners.
Marathon’s belief in BTC is strong. So strong that rather than holding cash in its balance sheet, MARA is holding onto the bitcoin that its mined so far, opting to hold BTC as its liquid asset. The company even purchased 4,812.66 BTC in January. It may not be worth much in dollar value when compared to the company’s market cap. But it is a strong signal from the company’s management on the value of bitcoin as an asset and its potential for appreciation in the future.
MARA share price started the year at $12 and rocketed to a high of $56. The price has since corrected and is now trading at around $25 per share. Regardless of short-term volatility, Marathon is a compelling long-term bet on the future of Bitcoin.
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Riot Blockchain Inc (RIOT)
Riot Blockchain Inc (RIOT) has already announced that for Q1 2021, 491 Bitcoin were mined as compared to 303 Bitcoin mined in Q4 2020, and to 222 Bitcoin mined in Q3 2020. The company’s hashing capacity has increased by 460% on a year-over-year basis. This is likely to translate into sustained growth in the number of Bitcoin mined on a quarter-over-quarter basis. The company therefore seems positioned for accelerated top-line and cash-flow growth.
In April 2021, Riot Blockchain acquired Whinstone, which has the largest Bitcoin hosting facility in the U.S.. With a strong cash buffer, the company is positioned for sustained organic and inorganic growth. This will likely translate into sustained growth in the number of Bitcoin mined on a quarter-over-quarter basis which means accelerated top-line and cash-flow growth.
After surging to a high of $79.50, the stock currently trades around $28. The stock looks poised for a renewed surge from current levels.
Where to invest $1,000 right now...
Before you consider buying Riot Blockchain, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Riot Blockchain.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]